Maltese Capital Management LLC Trims Position in FirstSun Capital Bancorp $FSUN

Maltese Capital Management LLC lowered its position in shares of FirstSun Capital Bancorp (NASDAQ:FSUN) by 23.9% during the third quarter, Holdings Channel reports. The fund owned 175,000 shares of the company’s stock after selling 55,000 shares during the quarter. Maltese Capital Management LLC’s holdings in FirstSun Capital Bancorp were worth $6,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in FirstSun Capital Bancorp by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 440,784 shares of the company’s stock valued at $17,098,000 after acquiring an additional 1,929 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of FirstSun Capital Bancorp by 123.3% during the second quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock worth $10,354,000 after purchasing an additional 164,507 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of FirstSun Capital Bancorp by 28.8% in the third quarter. Dimensional Fund Advisors LP now owns 215,184 shares of the company’s stock valued at $8,350,000 after purchasing an additional 48,168 shares during the period. Two Sigma Investments LP grew its position in shares of FirstSun Capital Bancorp by 96.7% in the third quarter. Two Sigma Investments LP now owns 201,729 shares of the company’s stock valued at $7,825,000 after purchasing an additional 99,196 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in FirstSun Capital Bancorp in the third quarter valued at $6,697,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on FSUN shares. Zacks Research upgraded FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstSun Capital Bancorp currently has a consensus rating of “Buy” and a consensus target price of $43.33.

FirstSun Capital Bancorp Trading Up 1.3%

Shares of FSUN opened at $35.28 on Tuesday. FirstSun Capital Bancorp has a twelve month low of $29.95 and a twelve month high of $42.34. The firm has a market capitalization of $985.02 million, a P/E ratio of 10.20 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $38.36 and its 200 day simple moving average is $37.49.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $110.18 million during the quarter, compared to the consensus estimate of $108.20 million. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%. On average, equities research analysts forecast that FirstSun Capital Bancorp will post 3.6 earnings per share for the current year.

FirstSun Capital Bancorp Company Profile

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.